$FOGO USDC BEARISH CONTINUATION SIGNAL
$FOGOUSDC is showing clear bearish momentum after breaking below the short-term support at 0.02685. The SuperTrend (10,3) is signaling a sell, while EMA and MA are trending downward, confirming sustained selling pressure. Bollinger Bands are widening to the downside, indicating increased volatility, and SAR points align with the bearish trend. Price action reflects consecutive lower highs and lower lows, suggesting continuation of the downtrend.
Trade Setup:
Short Entry: Below 0.02709
Target 1 (TP1): 0.02663
Target 2 (TP2): 0.02655
Stop Loss (SL): 0.02768
Risk Management:
Risk no more than 2–3% per trade. Adjust position size according to volatility and trail stop loss as the price moves favorably to protect profits.
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